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US Meat Export Federation Cheers US China Phase One Deal- Excited About Prospects for More US Meat Exports Ahead

US Meat Export Federation Cheers US China Phase One Deal- Excited About Prospects for More US Meat Exports Ahead
On Friday, the Office of the U.S. Trade Representative (USTR) announced that the United States and China have reached a "Phase One" trade deal. More details are in this USTR press release.
 
U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom issued this statement:
 
"China is the world's largest and fastest-growing destination for imported red meat, and the U.S. industry is excited about the prospects for expanded opportunities in China. We look forward to learning more details about this Phase One agreement.
 
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.